Helping the younger generation

1 May 2019

Meg Saksida examines the tax implications of the various ways in which parents can help university-age children financially

Typically, young people aspire to do at least as well in life as their parents. In previous generations, with the right attitude to study and work, this was generally achievable. Rising house prices, inflation, the burden of student loans and other demographic factors however, mean such aspirations are becoming increasingly difficult.

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About the author

Meg Saksida

Meg Saksida BA, FCA, CTA, TEP (af.) is a chartered accountant, tax adviser and trust and estate practitioner. Having spent many years as an expat herself, Meg’s special interest is capital taxes with a focus on the issues surrounding international clients here, and British expats abroad. Meg is passionate about tax training and education.